LMP Capital and Income Fund (NYSE:SCD) Stock Breaks Above 50-Day Moving Average – Should You Sell?

LMP Capital and Income Fund Inc. (NYSE:SCD)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $15.16 and traded as high as $15.19. LMP Capital and Income Fund shares last traded at $15.19, with a volume of 58,800 shares.

LMP Capital and Income Fund Stock Performance

The firm’s 50 day moving average price is $15.16 and its two-hundred day moving average price is $15.36.

LMP Capital and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 26th. Stockholders of record on Wednesday, February 17th will be given a $0.1325 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Wednesday, February 17th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SCD. Bank of America Corp DE grew its holdings in shares of LMP Capital and Income Fund by 2.6% in the 1st quarter. Bank of America Corp DE now owns 26,024 shares of the real estate investment trust’s stock valued at $389,000 after acquiring an additional 661 shares in the last quarter. World Investment Advisors increased its position in shares of LMP Capital and Income Fund by 8.4% in the first quarter. World Investment Advisors now owns 14,727 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 1,139 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of LMP Capital and Income Fund by 1.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 66,697 shares of the real estate investment trust’s stock valued at $996,000 after acquiring an additional 1,200 shares during the last quarter. NWF Advisory Services Inc. raised its holdings in LMP Capital and Income Fund by 6.6% during the first quarter. NWF Advisory Services Inc. now owns 25,888 shares of the real estate investment trust’s stock worth $387,000 after acquiring an additional 1,600 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in LMP Capital and Income Fund by 3.8% during the second quarter. NewEdge Advisors LLC now owns 47,911 shares of the real estate investment trust’s stock worth $750,000 after acquiring an additional 1,732 shares in the last quarter.

LMP Capital and Income Fund Company Profile

LMP Capital and Income Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol SCD. The fund seeks to provide investors with a high level of current income while also pursuing long-term growth of capital.

The fund invests in a diversified portfolio of income-producing securities and other investments. Its holdings may include common and preferred stocks, convertible securities, corporate debt, government obligations and other fixed-income instruments.